AFC Energy (LON:AFC) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

AFC Energy plc (LON:AFC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.65 ($0.13) and traded as low as GBX 8.89 ($0.11). AFC Energy shares last traded at GBX 9.11 ($0.11), with a volume of 3,522,004 shares trading hands.

AFC Energy Price Performance

The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13. The company has a market cap of £77.97 million, a PE ratio of -3.48 and a beta of 2.96. The stock has a 50-day simple moving average of GBX 9.54 and a 200 day simple moving average of GBX 10.65.

Insider Activity at AFC Energy

In other news, insider Gary Bullard acquired 200,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,655.76). Also, insider Karl Bostock acquired 250,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average price of GBX 9 ($0.11) per share, for a total transaction of £22,500 ($28,319.70). Company insiders own 16.21% of the company’s stock.

AFC Energy Company Profile

AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition.

Based in the UK, the Company’s scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.